Burleigh Heads, Queensland

$1,727,000

Property Description

Business For Sale - Motivated Sellers - ID 8677 BL

- Management Rights For Sale
- Desirable Burleigh Heads
- Mixed letting management rights
- Situated like an oasis with beautifully landscaped gardens
- 157 apartment complex with 40 in the letting pool
- 39 with outside agents, huge upside
- Walking distance to iconic Burleigh Beach and James Street
- High Body Corporate salary and good committee
- Tastefully renovated 3 bedroom manager's residence with timber flooring and spacious kitchen
- Management rights complexes of this size, standard and location are hard to find.

For further information or to arrange an inspection of this management rights business for sale contact:

Listing Broker
Lyn Pearsall

Property Summary

Business Snapshot

Price: $1,727,000 Net Profit: $224,000 Remuneration / Body Corp Salary: $157,041Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Spacious residence, 3 bedrooms, 2 bathrooms, Ideal home for couple or family, Large patio area and enclosed courtyard.

Complex Information

Complex Type: MixedTotal Units in Complex: 152Total Units in Letting Pool: 40Permanent Units: 40Owner Occupy Units: 62Outside Agent Units: 39Lockup Units: 10Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Lyn Pearsall
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Burleigh Heads, Queensland 4220 Exact map location not provided

Similar Properties

BURLEIGH HEADS
PERMANENT COMPLEX CLOSE TO BEACH IN BURL...

$1,727,000
Net Income: $224,000
Managers Estate: $585,000 3 Bed - Bath
Letting Pool: 40
Remuneration: $158,000

RAAS Group

BURLEIGH HEADS
BURLEIGH HOLIDAY ONLY 4 MULTIPLIER

$1,585,000
Net Income: $215,000
Managers Estate: $630,000 3 Bed - Bath
Letting Pool: 44
Remuneration: $93,400

RAAS Group